Bank Failure
Carter County Commercial Bank
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Closed October 30, 1937 · Olive Hill, KY .
- Closing date
- October 30, 1937
- Headquarters
- Olive Hill, KY
- Total assets at closing
- $139K
- Total deposits at closing
- $109K
- Estimated loss to the insurance fund
- Not published (the FDIC feed carries no estimate for this failure)
- Insurance fund
- FDIC insurance fund
- Resolution
- Failure (closed by regulators)
Context
On October 30, 1937, regulators closed Carter County Commercial Bank, headquartered in Olive Hill, KY. At closing, the institution held approximately $139K in assets and $109K in deposits. The FDIC record does not name an acquiring institution.
By assets at closing this is the 3281st largest of the 3,526 bank failures in the FDIC record, and the 29th of 75 in 1937. It falls in the period the record labels Early FDIC Era (1934-1944), a period with 397 failures peaking at 75 in 1937.
FDIC's first decade after the 1933 Banking Act. Failures fell sharply once deposit insurance restored confidence.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Carter County Commercial Bank fail?
Carter County Commercial Bank was closed by regulators on October 30, 1937.
How big was Carter County Commercial Bank when it failed?
Carter County Commercial Bank had approximately $139K in total assets and $109K in deposits at the time of failure.
Other failures in 1937
| Date | Bank | Assets |
|---|---|---|
| Dec 20, 1937 | First Nat BK & TR Co. of Manhasset | — |
| Dec 17, 1937 | Big Falls State Bank | $103K |
| Dec 2, 1937 | Nevada Trust Company | $242K |
| Dec 2, 1937 | Peoples United Bank | — |
| Nov 30, 1937 | Sterling State Bank | $121K |
| Nov 27, 1937 | Loganville State Bank | — |
| Nov 24, 1937 | First State Bank of Cobden | — |
| Nov 19, 1937 | Bank of Swifton | $208K |
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